Twenty-eight percent of the products given marketing authorisation between November 2010 and October 2011 in the US and one-third of all the new drugs in the EU have biotechnological origins. And experts unanimously agree that the market share of biotechnology products will continue to grow in the future. While the small-molecule drug market is predicted to expand by 3.9% annually between now and 2015, the market for biopharma products is expected to grow by more than 10% a year.
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Good news! After some thinking, Ive solved the eurocrisis and saved national investment in biotechnology! As with most people who champion a single Europe, what is going to happen in the eurozone weighs heavily on my mind. Not just because of the surreal and seemingly uncontrollable debt crisis, but also because investment in growth in most European countries has stalled.